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Fresenius Medical Care AG FME.DE

DE · Deutsche Börse Xetra · XETR · stock · Healthcare · website

Fresenius Medical Care AG statistics & valuation

Market cap€11.0B
P / E11.3×
P / S0.6×
P / B0.8×
P / FCF6.2×
Net margin5.0%
FCF margin9.0%
Net debt€9.2B
Enterprise value USD$23.3B
Earnings yield EBIT/EV9%
Return on capital7.4%
Graham number +49.3%€61.21

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (€61.21); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.50% 2.60% 2.80% 5.00% 2022202320242025
Gross margin (%)
25.20% 25.30% 24.60% 25.60% 2022202320242025
Operating margin (%)
7.50% 7.60% 7.60% 9.30% 2022202320242025
Return on equity (%)
4.80% 3.70% 3.70% 7.40% 2022202320242025
Shares outstanding
268.6M 268.6M 268.6M 268.6M 2022202320242025
Net debt (€)
€11.92B €10.67B €9.83B €9.21B 2022202320242025
Share buybacks (€)
€0 €0 €0 €585.3M 2022202320242025
Return on assets (%)
1.90% 1.50% 1.60% 3.20% 2022202320242025
Free cash flow margin (%)
7.40% 10.00% 8.70% 9.00% 2022202320242025
Debt / equity (×)
0.94× 0.88× 0.75× 0.81× 2022202320242025
EPS (€)
€2.30 €1.70 €1.83 €3.36 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Fresenius Medical Care AG trades at about 12.2× earnings — below its 10-year norm (10-year range 11.3×–26.3×, median 21.2×).

11.3× 26.3×

Shaded band = 10-year range (11.3×–26.3×); dot = today's 12.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin25.6%24.6%25.3%25.2%
Operating margin9.3%7.6%7.6%7.5%
Net margin5.0%2.8%2.6%3.5%
FCF margin9.0%8.7%10.0%7.4%
Return on assets3.2%1.6%1.5%1.9%
Return on equity7.4%3.7%3.7%4.8%
Debt / equity0.43×0.43×0.51×0.51×
Current ratio1.261.401.421.27

Computed from company filings · DE · as of 2025-12-31. Figures in EUR. Facts plus Stocktoria's own computed scores — not investment advice.